Nisa Investment Advisors LLC Grows Position in Target Corporation $TGT

Nisa Investment Advisors LLC boosted its stake in shares of Target Corporation (NYSE:TGT) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 172,957 shares of the retailer’s stock after purchasing an additional 7,728 shares during the period. Nisa Investment Advisors LLC’s holdings in Target were worth $17,062,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TGT. Brighton Jones LLC grew its position in Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after purchasing an additional 3,059 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Target by 174.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,832 shares of the retailer’s stock valued at $191,000 after acquiring an additional 1,165 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in shares of Target by 9.0% in the 1st quarter. Perigon Wealth Management LLC now owns 9,618 shares of the retailer’s stock valued at $1,004,000 after purchasing an additional 796 shares during the period. Perpetual Ltd lifted its stake in shares of Target by 92.1% in the 1st quarter. Perpetual Ltd now owns 9,889 shares of the retailer’s stock valued at $1,032,000 after purchasing an additional 4,741 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Target by 754.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 446,344 shares of the retailer’s stock valued at $46,264,000 after purchasing an additional 394,124 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Up 0.1%

Shares of TGT opened at $94.34 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. Target Corporation has a 12-month low of $85.36 and a 12-month high of $158.42. The firm has a 50-day moving average price of $91.98 and a 200 day moving average price of $96.40. The firm has a market capitalization of $42.87 billion, a P/E ratio of 11.00, a P/E/G ratio of 2.74 and a beta of 1.18.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same quarter in the prior year, the firm posted $2.57 earnings per share. Target’s quarterly revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Sell-side analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 4.8%. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s payout ratio is 53.15%.

Wall Street Analyst Weigh In

TGT has been the subject of a number of research analyst reports. Piper Sandler restated a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. DA Davidson reduced their target price on shares of Target from $115.00 to $108.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research report on Friday. Jefferies Financial Group reduced their target price on shares of Target from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Finally, Guggenheim reiterated a “buy” rating and issued a $115.00 target price on shares of Target in a research report on Thursday, August 21st. Nine investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $109.00.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.